What are the responsibilities and job description for the Financial Analyst position at Jobs@UIOWA?
UI Health Care's Finance and Accounting Services department seeks a talented Financial Analyst to join its Capital Budget team. The position performs a broad range of accounting and financial analysis responsibilities to ensure effective and compliant organizational/department/unit operations including financial reporting, analysis and planning, operational oversight, training and leadership, and compliance with policies, regulations, and laws. The main areas of focus for this position are Capital Budgeting, Asset Capitalization & Depreciation, Asset Inventory Management, and Analysis & Reporting.
Hybrid within Iowa: Following an onsite training period, this position is eligible for a combination of on-campus and remote work. Remote work must be performed within Iowa and will require a work arrangement form to be completed upon the start of your employment. Per policy, work arrangements will be reviewed annually, and must comply with the remote work program and related policies and employee travel policy when working at a remote location
Position Responsibilities:
Capital Budgeting
- Maintain budgeting tools to track capital spending and use of funding sources.
- Assist departments in the completion of capital requests for equipment/software purchases and construction/renovation projects.
- Interpret, analyze, and report on project expense data
Asset Capitalization & Depreciation
- Monitor capital purchasing transactions for compliance with the UIHC’s Asset Capitalization Policy and Generally Accepted Accounting Principles.
- Prepare accounting entries for CIP capitalization.
Asset Inventory Management
- Assist departments with accurate asset inventory reporting and coordinate with University CAM office on additions, transfers, trades, and deductions.
- Assist with on-site asset viewing for the State Auditor’s office.
Analysis & Reporting
- Interpret, analyze, and report on UIHC depreciation and amortization expenses
- Assist in the coordination with the Capital Accounting Manager to interpret GASB and/or internal policies and provide guidance on accounting transactions affecting property, plant, and equipment
- Assist in the coordination with multiple units across campus to prepare supporting documentation for property, plant, and equipment balances
Other accounting and financial analysis tasks and projects as assigned
Required Qualifications
- A Bachelor's degree in Business Administration with an emphasis in accounting or finance, or an equivalent combination of education and experience
- 1-3 years of related experience
- Proficient in statistical and financial analysis.
- Demonstrated proficiency in the use of MS Excel spreadsheets and MS Access.
- Excellent written and verbal communication skills
- Strong attention to detail and proven ability to gather and analyze data and keep accurate records
Desired Qualifications
- 1-3 years of experience in a healthcare finance setting
- Proactive and driven to take on extra responsibilities, tasks, and projects
- Demonstrated competency in complex financial analysis and presentation
- Demonstrated experience in financial reporting to management/leadership
- Knowledge of University of Iowa Hospitals and Clinics policies, procedures, and regulations
Application Process: To be considered, applicants must upload a cover letter and resume (under the submission of relevant materials) that clearly address how they meet the listed required and desired qualifications of this position. Job openings are posted for a minimum of 14 calendar days. Successful candidates will be required to self-disclose any conviction history and will be subject to a criminal background check and credential/education verification.
Up to 5 professional references will be requested at a later step in the recruitment process. For questions, contact Sharon Walther at sharon-walther@uiowa.edu.
This position is not eligible for University sponsorship for employment authorization.
